(EMAILWIRE.COM, October 05, 2018 ) According to the new market research report “Patient Monitoring Device Market by Product (EEG, EMG, MEG, TCD, Peak Flow Meter, Pulse Oximeter, Fetal Monitoring, Temperature Monitoring Devices, MCOT, ECG, Hemodynamic Monitoring System), End User (Home, Hospital) - Global Forecast to 2023", published by MarketsandMarkets™, the patient monitoring device market is expected to grow from 1.55 Billion in 2017 USD 2.31 Billion by 2022, at a CAGR of 8.4% between 2017 and 2023.

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Factors such as the increasing per capita healthcare expenditure, growing public health awareness, rising prevalence of lifestyle diseases, and improving treatment rates in emerging markets across India and China are expected to drive growth in the market in this region.
The ECG segment is expected to account for the largest share of the cardiac monitoring devices market in 2018
By product, the cardiac monitoring devices market is classified into ECG devices, IRLs, event monitors, MCT monitors, and smart wearable ECG monitors. In 2018, the ECG devices segment is expected to account for the largest share of the market. The large share of this segment can primarily be attributed to the increasing incidence of cardiovascular diseases, the wide application of ECG devices in CVD management, the development of technologically advanced devices, and government initiatives.

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Patient Monitoring Device Market for cryogenic valves to grow at high CAGR from 2017 to 2023

The patient monitoring devices market is projected to reach USD 25.31 Billion by 2023 from USD 18.11 Billion in 2017, at a CAGR of 5.7%. The scope of the report includes patient monitoring devices for continuous monitoring, detection, and treatment of heart, brain, lungs, and blood activities and measurement of temperature and weight of the body. The base year considered for the study is 2017, and the forecast period for the study is between 2018 and 2023.

APAC is expected to hold largest share of Patient Monitoring Device Market from 2017 to 2023

The patient monitoring devices market is segmented into North America, Europe, Asia, and RoW. Asia is expected to grow at the highest CAGR during the forecast period. Factors such as the increasing per capita healthcare expenditure, growing public health awareness, rising prevalence of lifestyle diseases, and improving treatment rates in emerging markets across India and China are expected to drive growth in the market in this region.

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Medtronic (Ireland), Abbott (US), Natus Medical (US), Nihon Kohden (Japan), GE Healthcare (US), and Philips Healthcare (Netherlands)), are among a few major players in the Patient Monitoring Device Market.

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